Meet the First ‘Structured Outcome’ ETF
Innovator Capital Management and Milliman have built the first structured outcome product on an exchange-traded fund (ETF) chassis, challenging the annuity monopoly in this category.
Allianz Life adds living benefit to structured index annuity
The new Allianz product offers four index options, two death benefit options, five combinations of performance caps and downside buffers and a living benefit rider with deferral bonuses and a fixed or potentially rising income.
Annuity sales jump 10% percent in 2Q2018: LIMRA SRI
LIMRA Secure Retirement Institute research chief Todd Giesing predicted that fixed-rate deferred annuity sales would increase 15% to 20% percent this year and by as much as 25% in 2019, largely on the strength of rising interest rates.
Honorable Mention
Allianz Life annuities join Envestnet platform, Aviva (U.K.) transfers pension risk to Prudential, Millennium Trust notes growth milestones, EY announces technology investment, leadership moves, Joe Celentano succeeds Dewey Bushaw at Pacific Life, DC plan participants ‘stay the course,’ ICI survey shows, and SEC orders Transamerica entities to pay $97 million.
Ascensus’ TPA empire continues to grow
'This addition to Ascensus TPA Solutions goes a long way toward helping us build a national TPA,' said Jerry Bramlett, head of TPA Solutions at Ascensus.
Allianz Life leads in total sales of fixed deferred annuities: Wink
Indexed annuity sales for the second quarter were $17.3 billion; up nearly 22.0% when compared to the previous quarter, and up more than 18.4% when compared with the same period last year, according to Wink Inc.'s latest sales report.
Net income of U.S. life/annuity industry drops in first-half 2018: A.M. Best
Mortgage loans constituted 12.4% of total invested assets in the first half of 2018, up 41% from the first half of 2014, according to a new Best's Special Report.
COVER STORIES YOU MAY HAVE MISSED
August 9, 2018
The Science (Not Sci-Fi) of Social Security
The overlap of Social Security policy and behavioral finance was the subject of several papers aired at the Retirement Research Consortium’s 20th annual meeting last week. Economists are trying to figure out the best...
August 2, 2018
‘PEP’ Talk
In this sixth installment of our series on "pooled employer plans" or PEPs
(also known as "open multiple employer plans" or MEPs), we asked 401(k) experts if this new type of workplace savings plan...
July 26, 2018
Mind the Coverage Gap
'I am not aware of any predictions that a significant percentage of small employers who do not currently offer a plan will now adopt a PEP,' said Jack Towarnicky, executive director of the Plan...
